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20121201
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over the weekend. following events on friday in connecticut. here is the question. is america's moves towards guns really fundamentally changing? we'll ask scott rasmussen next. [ male announcer ] at scottrade, we believe thmore you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locaons, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, even dollar trades are just the start. our teams have the information you want when you need it. it's anothereason more investors are saying... [ all ] i'm with scottrade. when, but ieves can stealw your identity anturn your life upside down. >> hi. >> hi. you know, i can sa you 15% today if you open up a charge card accot with us. >> you just read my mind. >> announcer: just one little piecof information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is
about 1 1/4%. had a lot more to come. the connecticut shooting brought assault weapons and mental illness into the spotlight. we talked a little about it with governor florio, so how many of you favor a ban on assault weapons? and how many of you think the mentally ill should be under even stricter observation? scott rasmussen of rasmussen reports has the answers and that's coming next. >> let's take a look at the big board. as you can see, it's down, but not significantly. again, not much trading was expected today. but there's a lot of trading concerns about the fiscal cliff. again, a lot of people are already on vacation this trading day ends at 1 p.m. today. so we only have a half day of trading, but the market is down and worries about the fiscal cliff and as we mentioned before, perhaps worries about impending strike with longshoremen along the east coast and the gulf coast, so we'll keep a sharp eye on that. let's check the price of oil, it's down as well today. off about 50 cents and it had been off 30 cents and continuing to go down again, perhaps because of concerns abo
of silence following the events in connecticut last friday. it was a somber moment in the financial world. ten minutes from now, trading will begin and these are the stories which we will concentrate on this monday morning. speaker boehner says, go ahead, raise tax rates on millionaires, that's a retreat. it's a new offer from john boehner, a higher tax rate on incomes over a million a year. gas prices really falling fast. in the whole state of missouri the average is 2.94. nine states are within a few cents of breaking below $3 a gallon. and yes, it's the monday after the connecticut shooting and father jonathan morris is here for "varney & company." scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. can i still ship a gift in time r christmas? yeah, sure you can. great.
. now, the gun industry, that's feeling the impact of last week's shooting in connecticut. cheaper than dirt one of the biggest on-line retailer has stopped selling firearms and we asked why. a statement from the company. cheaper than dirt, temporarily suspended sales of firearms and continue to promote the safe and responsible firearms by law abiding citizens. during the suspension we'll review. and may get rid of a stake in gun manufacturers, 8 million dollars of stern ruger and 2 million smith & wesson. yesterday, smith & wesson had a drop. the group that made the bush master used in the shooting. the president of cerberus, his father lives in newtown, connecticut on friday, this coming friday, the n.r.a. says it will hold a news conference to provide, quote, meaningful contributions to the gun debate. big reaction to the gun industry. and then there's this. richard trumka and organized llbor may get their way on taxes, spending and debt. and the fiscal cliff deal that's now shaping up looks a lot like the trumka plan. we will bring you that, the opening bell and facebook stock and g
in connecticut and the fiscal cliff. shopper track now says that stores will see a 2.5% increase in november and december, and that's down from the original projection, 3.3% gain. really? sandy? a shooting? fiscal cliff? what about a weakening economy. a few jobs, no money. maybe that's a reason for this. not great, not stellar holiday shopping season and let's bring in carol ross, former investment banker, knows a thing or two about shopping and investment petailers, i'm saying, i'm tired of the excuses. i'm tired of hearing, oh, it's sandy or it's that or that and there's always an excuse when the economy starts to weaken, i just any the economy is weakening. what do you say? >> well, i agree, i mean, obviously, people have less money, they haven't been working and they're underemployed, but i do think that this is the big piece, stuart, this is pessimism. because you have to remember, even in the face of no money and no job, which has been going on for a while. consumer credit capacity actually has been increasing and consumers have been deleveraging and their home values have been going
, connecticut as well and also by us. . [bell ringing] [moment of silence] . [bell ringing] [moment of silence] [bell ringing] [moment of silence] [bell ringing] [moment of silence] [bell ringing] [moment of silence] [bell ringing] [moment of silence] [bell ringing] >> the bell that you're hearing right now, will ring 26 times and it's the bell in newtown, connecticut memorializing the 26 victims who died exactly one week ago and there was also a moment of silence there at the new york stock exchange and the nasdaq, all right. trading has now begun this friday morning. stock prices way, way down. let's check the big board, very, very early going in just a couple of minutes into the session and down 62 points and probably heading a lot lower than that. plan b, as we called it, is history. there is an increase, a very sharply increased chance of all of us going over that fiscal cliff come january the 1st. that would mean spending cuts and much higher taxes are on the way immediately down the road. nicole, i can see a sea of red, of red ink on the new york stock exchange. >> oh, yes. stuart: whi
basically unchanged from last year and sandy, of course, and the connecticut shooting got some blame, but what about no jobs and no money? coming up, the opening bell, futures are up. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ from td ameritrade. i played a round of golf.id in the last five hours? then i read a book while teaching myself how to play guitar; ran ten miles while knitting myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording debut album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. >>> david asman, in for mr. varney. we're minutes away, dow futures are trading up. so at least at the beginning it may be a good trading day. now 15 seconds away from the opening of the dow, nasdaq and s&p 500 have been down the past two sessi
. >> part of it is hurricane sandy and part of it's the tragedy from newtown, connecticut. david: people are afraid to go out and shop? >> they're not in the mood. one quote in an article talk people think it's better to spend time with family. shopper tracker is finding that people shopping for the week that ended december 15th down 4.3%. overall they've adjusted what they think the holiday seen will be. and they've adjusted that it will be a growth of 2.5%. and thought it would be 3.3%. national retail federation is keeping their prediction of growth 4.1%. real quick, i don't know if we have the graphic available. if you invest in retailer, boy have the on-line retailers done gang busters and even the shopper track survey even on-line wasn't performing as well as last year. overall this year for shopping, the on-line stock is doing much better. >> meanwhile, j.c. penney can we put up the stock chart, intraday what it's doing? it's up almost # 4% today. does that surprise you? >> the brick and mortar retailers are up for the year. the on-line retailer, theirs is up. and once again, amaz
'm simply saying that the demand to do something after the connecticut events i think will be sufficient political momentum to make it happen. david: do you think it will be a complete redo with what we had with the first federal assault ban? stuart: yes. david: after that was over, the gun violence came down. stuart: they will make it more strict than the initial assault weapon ban. i think there's the political momentum to get it passed. i think it will happen. i'm not saying it is right or wrong, i take no issue on that, but i think it will happen. david: we will see. if the nra is smart, they will focus on the one particular issue, this is not about having a rifle to kill deers, this is not a deal for hunters. this is a deal for 2nd amendment, for individuals to be able to defend themselves from oppressive government. that's what the 2nd amendment was all about. you may not like it. you may want to change the constitution, mr. president, but go ahead and call for it, this is not about hunters' rights. it is about individual's rights. stuart: david thank you. i'm going to say it, this
in newtown, connecticut sales are way up. he will be on the show next. stuart: the final week of the year, usually this is a boom town for charities. people make their contributions to save on taxes and they do those contributions right now. there has been talk that a charitable deduction could be eliminated or restricted. our next guest says that would be a terrible idea. the former chairman of the new york faith council on the arts, welcome to the program. good to have you with us. >> how are you today? stuart: pretty good. if you get a restriction on the charitable tax deduction or it is eliminated i understand charitable contributions would probably o down. i can see that happening but doesn't that imply that the whole reason for giving to charity is to get a tax break as opposed to supporting the good that the charity does? >> that is a misnomer. so many people think we are giving something to the ridge and the wealthy by giving them a tax break. firstly, the charitable sector is $1.9 trillion industry, 5.5% to 6% of our economy, charitable organizations like the salvation army, the
Search Results 0 to 9 of about 10